NOT LISTED FOR SALE

291 Erica Way Portola Valley, CA 94028

Estimated Value: $3,681,000 - $4,995,433

3 Beds
2 Baths
1,790 Sq Ft
$2,480/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $2,500,000 $1,397 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $28,445/month

3 Days on Market

Highlights

  • Family Room with Fireplace
  • 2 Car Attached Garage
  • 1-Story Property
  • Las Lomitas Elementary School Rated A+
  • Forced Air Heating System

About This Home

As of December 2020

A very special property just down the street from the Ladera Recreation District, Woodland School (PS-8) and Webb Ranch. This is a prime Lower Ladera location. The home has been well loved by the same family since 1954. The single story floor plan is extremely livable with a back yard that is spacious and secluded. The pictures speak 1000 words about this wonderful home.

Last Agent to Sell the Property

Dave Dawson

Bailey Properties License #01491117 Listed on: 11/18/2020

Last Buyer's Agent

Diane Rosland

Compass License #01713561

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $58,888

Year Built

  • 1954

Lot Details

  • 0.35

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,790 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 0.35 Acre Lot
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$58,888

Year Built

1954

Lot Details

0

Parking

2

Listing Details

  • Zoning: R10010
  • Subclass: Single Family Home
  • Age: 66
  • Listing Class: Residential
  • Structure Sq Ft: 1790
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1954

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room
  • Dining Room: Dining Area In Living Room
  • Fireplace: Yes
  • Living Sq Ft: 1790
  • Stories: 1
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Condo/Co-op/Association

  • Complex Name: Ladera

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.3538
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 15410.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 15410.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Dec 16, 2020
Sold by
Zarick Steven M and Zarick Brian F
Bought by
Lopez Matthew W and Lopez Kelsey F
Seller's Agent
Dave Dawson
Bailey Properties
Buyer's Agent
Diane Rosland
Compass
List Price
$2,499,000
Sold Price
$2,500,000
Premium/Discount to List
$1,000
0.04%
Current Estimated Value
$4,439,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,939,608
Avg. Annual Appreciation
12.71%
Original Mortgage
$2,000,000
Outstanding Balance
$1,780,597
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,659,011
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Matthew W $2,500,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Matthew W $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold $2,500,000 0.0% $1,397 / Sq Ft
11/22/2020 11/22/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $2,499,000 -- $1,396 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $58,888 $5,290,513 $2,489,593 $2,800,920
2023 $58,888 $4,863,920 $2,392,920 $2,471,000
2022 $29,622 $2,550,000 $2,346,000 $204,000
2021 $29,158 $2,500,000 $2,300,000 $200,000
2020 $3,160 $153,301 $58,715 $94,586
2019 $3,164 $150,296 $57,564 $92,732
2018 $3,032 $147,350 $56,436 $90,914
2017 $2,613 $144,462 $55,330 $89,132
2016 $2,549 $141,631 $54,246 $87,385
2015 $2,462 $139,505 $53,432 $86,073
2014 $2,371 $136,773 $52,386 $84,387
Source: Public Records

Agents Affiliated with this Home

  • Dave Dawson

    Seller's Agent in 2020

    Dave Dawson

    Bailey Properties

    (831) 901-2856

    1 in this area

    76 Total Sales

    Dave Dawson
    Section Image

  • D

    Buyer's Agent in 2020

    Diane Rosland

    Compass

    Section Image
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Map

Source: MLSListings

MLS Number: ML81820693

MLSListings

APN: 077-113-040

California San Mateo County Portola Valley 94028

291 Erica Way, Portola Valley, CA

This home is located at 291 Erica Way, Portola Valley, CA 94028 since 18 November 2020 and is currently estimated at $4,439,608, approximately $2,480 per square foot. This property was built in 1954. 291 Erica Way is a home located in San Mateo County with nearby schools including Las Lomitas Elementary School, La Entrada Middle School, and Menlo-Atherton High School.

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